News

May 17 Could be Facebook's IPO Date

It's has been said for quite some time now that Facebook with do an IPO to expand the company's operations. And according to sources familiar with the situation, the date that Facebook is targeting is May 17.

Furthermore, sources said that Facebook is hoping to raise around $10 billion at a $100 billion valuation. The company is hoping at to trade at around $40 per share, which is in line with an earlier report that Facebook allegedly used the $40 benchmark as a bargaining chip in its negotiations with Instagram.